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Issues and recommendations from the first EITI Energy Dialogue

On 9 November 2021, a group of African Ministers met in the context of the EITI Energy Dialogue, at the margin of the Africa Oil Week, to discuss the unique challenges and opportunities which the energy transition presents for Africa.

The session was co-moderated by Francess Alghali, EITI Board Member and Minister of State in the Office of the Vice President of the Republic of Sierra Leone and Bady Baldé, Deputy Executive &

The Government of Zambia has signed a Memorandum of Understanding (MoU) with the Zambia Extractive Industries Transparency Initiative (ZEITI) and Open Ownership to take part in the Opening Extractives Programme.

Opening Extractives is an ambitious global programme aiming to transform the availability and use of beneficial ownership data for effective governance in the extractive sector. Anonymous companies remain the major obstacle in the fight against money laundering and corruption.

Nigeria officially launched the Opening Extractives programme on 9 November. Joining the programme shows Nigeria’s commitment to expand the frontiers of transparency and accountability by using beneficial ownership data to disclose the real owners of companies operating in the extractive sector. 

Nigeria has made great strides in implementing beneficial ownership transparency since 2017. One of Nigeria’s recent accomplishments was the launch of the Persons of Significant Control register and,

Last week’s COP26 edition of “Transparency Matters”, an event co-hosted with Chatham House, gathered representatives from the EITI, the Government of Indonesia, the European Commission, the International Council on Mining and Metals (ICMM) and Publish What You Pay (PWYP) to discuss how transparency and multi-stakeholder dialogue can help countries prepare for a transition to net zero.

Excerpt from a speech by Rt Hon. Helen Clark, EITI Board Chair, on 4 November 2021 to an EITI and Chatham House COP26 online event on the role of transparency and multi-stakeholder dialogue in supporting a transition to net zero.

At the EITI, we welcome the focus at this COP on producer countries, and on what the transition to net zero will mean for their economies and societies.

Earlier this week, the EITI Board considered the situation in the Central African Republic, and a recommendation from the Implementation Committee of the Board for lifting the country’s suspension.

The decision recognised the challenging political and operational environment in the country, and the role that continuation of the EITI process could play in mitigating the risks of corruption and mineral smuggling.

Gabon returns to the EITI, renewing its commitment to extractives transparency

Following the country’s departure from the EITI process in February 2013, the Government of Gabon has re-committed to implement the EITI. Its application was approved by the EITI Board today, making it the 56th country implementing the EITI Standard, and the 27th in Africa.

The EITI Board concluded that Senegal has achieved a very high score in EITI implementation. Despite challenges related to COVID-19, the country has used the EITI to strengthen extractives governance practices, inform public debate and shed light on Senegal’s legal framework.

Senegal’s extractive sector has evolved since it was last assessed against the EITI’s requirements in 2018. While still mainly dominated by mining activities,

Ghana and Liberia are the first countries to have officially launched the Opening Extractives Programme, thereby affirming their commitment to ending anonymous company ownership in the extractive sector.

The launches occurred on the heels of a global event held in London last month to kick off the programme, which aims to transform the availability and use of beneficial ownership (BO) data by providing technical and legal support in approximately 12 countries. 

The EITI today published data underpinning its assessment of the adherence of 62 oil and gas, mining and commodity trading companies to the Expectations for EITI supporting companies. As a first-time exercise since the Expectations were introduced in 2018, the assessment was a learning process for the EITI’s International Secretariat and supporting companies, signalling opportunities to strengthen corporate transparency and accountability in the extractive sector.  

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